Us Congress 2025-2026 Regular Session

Us Congress Senate Bill SB577

Introduced
2/13/25  

Caption

Expanding Access to Capital for Rural Job Creators Act

Impact

The proposed changes through SB577 are expected to modify the current legislative framework regarding financial access for rural entrepreneurs. This bill seeks to increase the opportunities for capital acquisition, particularly through federally-regulated avenues, which could lead to significant improvements in job creation and retention in rural communities. If successful, the bill may facilitate a robust economic environment that supports innovation and the sustainability of local businesses, thereby contributing to a healthier national economy.

Summary

SB577, known as the 'Expanding Access to Capital for Rural Job Creators Act,' aims to amend the Securities Exchange Act of 1934 to enhance the availability of capital for small businesses located in rural areas. This bill represents a targeted effort to address the unique financial challenges faced by small enterprises in less populated regions, promoting economic sustenance and growth where it is often underserved. By including rural-area small businesses alongside women-owned small businesses in certain provisions of the Act, it underscores a commitment to diverse economic empowerment.

Contention

While the bill has support for its intent to bolster rural economic prospects, potential points of contention might arise concerning the implementation of these provisions. Critics could argue about the adequacy of the financial infrastructure in rural areas to absorb this increased capital influx and how local economies might manage this investment sustainably. There could also be concerns regarding the criteria for determining eligible businesses, ensuring that the most in-need entities benefit from such policies without bureaucratic bottlenecks inhibiting access.

Congress_id

119-S-577

Policy_area

Finance and Financial Sector

Introduced_date

2025-02-13

Companion Bills

US HB1190

Same As Expanding Access to Capital for Rural Job Creators Act

Previously Filed As

US SB294

Expanding Access to Capital for Rural Job Creators Act

US HB298

Expanding Access to Capital for Rural Job Creators Act This bill requires the Advocate for Small Business Capital Formation within the Securities and Exchange Commission to report on issues encountered by rural-area small businesses.

US HB2799

Expanding Access to Capital Act of 2023

US HB4360

Access to Capital Creates Economic Strength and Supports Rural America Act ACCESS Rural America Act

US SB3242

ACCESS Rural America Act Access to Capital Creates Economic Strength and Supports Rural America Act

US HB10316

Expanding Access to Credit through Consumer-Permissioned Data Act

US SB5139

Empowering Main Street in America Act of 2024

US HB8004

Expanding Child Care Access Act of 2024

US SB3982

EAT Local Foods Act of 2024 Expanding Access To Local Foods Act of 2024

US SB4380

Expanding Disability Access to Higher Education Act

Similar Bills

No similar bills found.